Finmax is a fast-growing binary trading platform that is dedicated to offering faster returns to your investment. Generally, binary trading is relatively new especially with online trading where you interact with faceless people to strike deals on your behalf. Their brokerage services span a wide range of products and markets. As such, one can invest in the foreign exchange markets where major currency pairs are traded, commodities, indices and stocks of diverse global companies. This online trader is increasingly becoming popular among investors due to a number of reasons.
First, the clarity of its investment approach is enviable. There are no commissions charged or hidden costs whatsoever. The trading period can be short term or long term where the former can be a period of 30 seconds while the latter can go up to a year. The minimum amount that you can invest is $5 per trading item, however, you need to first deposit a minimum of $250 before you start trading. It would be wise to open the Finmax demo account and test how the markets work before investing your real money. Read this Finmax review and get to know what is in store for you.
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Is Finmax A scam? Is Finmax Regulated?
Finmax is a trusted online trader where you can have your investments multiply in no time. When it comes to Forex trading, this is arguably one of the best brokers. In 2016 it won the best broker award by traders choice. It is also certified by a reputable body _FXEmpire hence you can be sure of your investments in safer hands. It is licensed by the International Financial Markets Regulations Centre, but no government regulations.
In case you have any question or claim, the care desk representatives are reachable through a number of channels. For instance, there is an official email address: finmaxbo.com which can be used between 08:00 and 20:00 (GMT+3). with such transparency, any claim of Finmax scam is based on the fact that they are not regulated by any government body. Perhaps, what you should be concerned about is the high risk that is associated with this kind of investments. Nonetheless, this company has a fixed risk clause which states that in case of a wrong forecast you can’t lose more than what you have invested. Also, this company gives you a chance to trade without any consideration of foreign exchange spreads.
Alternatives To Finmax
Finmax, as good as it is, has equal competitors who are scaling the heights of quality as far as binary trading is concerned. For instance, if you go through the AvaTrade review, you will realise that the company enjoys multi-agency certifications while its geographical coverage is relatively larger. It is an official partner of the successful Manchester City football club and it is owned by the Irish regulated AVA Trade EU Ltd.
There is also the eToro trading platform which boosts of real-time dividends, nil management fees and friendly minimum deposits. It is owned by the e Toro(Europe) Limited and regulated by the Cypress Securities Exchange Commission.